May 2, 2017

Education startup AltSchool raises $40 million

AltSchool

AltSchool, a San Francisco-based experimental school operator and developer of educational tools, has raised around $40 million in a new funding round that could total up to $80 million, according to an SEC filing.

The company previously raised just over $137 million from backers like Andreessen Horowitz, First Round Capital and Facebook CEO Mark Zuckerberg. It has not yet returned a request for comment.

Primer: Founded in 2013, AltSchool has grade schools in the Bay Area and New York (plus Chicago, coming soon), where it develops personalized student learning plans. Core to AltSchool's methods are tech tools to help students learn in customized ways and tracking their progress. It's also begun to team up with other schools and provide them with tools it has developed.

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Flames from a nearby fire illuminate protesters standing on a barricade in front of the Third Police Precinct in Minneapolis on Thursday. Photo: Kerem Yucel/AFP via Getty Images

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Protesters cheer as the Third Police Precinct burns behind them on in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Cheering protesters set a Minneapolis police station on fire Thursday night in the third night of unrest following the death of George Floyd, a black man who died in police custody in the city, per AP.

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